What is 'incentives and promotion of electric transport in Paraguay'?

In June 2022, the Government of Paraguay sanctioned the bill “Incentives and promotion of electric transport in Paraguay” with the aim of establishing a regulatory framework to promote and incentivise the use of electric transport in the public sector.

Should private operators buy electric buses in Paraguay?

However, despite the significant steps taken to advance electromobility, Paraguay lacks a conducive regulatory landscape to incentivise private operators to acquire electric buses. Currently, only tax exemptions are provided to operators who deploy electric buses.

Are electric cars going out of stock in Paraguay?

Paraguayan traders of electric cars have nearly run out of stock as demand grew above projections due to the increasing price of fuel, it was reported Friday in Asunción. Dealers also said they were expecting new shipments with several vehicle models in approximately 45 days.

Why is Paraguay promoting electromobility?

Marking World Electric Vehicle Day Sept. 9 last year, Paraguay's Chamber of Automotive and Machinery Distributors (Cadam) issued a statement announcing it was promoting electromobility “with all its strength.” “In other continents, such as Europe, the main factor of electromobility is the environment and emissions.

How long does it take to get an electric car in Paraguay?

Dealers also said they were expecting new shipments with several vehicle models in approximately 45 days. A trip from Asunción to Ciudad del Este in an electric car costs 95% less than in a combustion car, according to electric-car manufacturers Baic quoted by Paraguayan media.

Why is Paraguay so dependent on imported fuel?

Dependency on imported fuel: Since Paraguay does not have its own sources of fuel, it is dependent on imports to meet its energy needs. It spends more than USD2 billion annually on importing petroleum-derived fuels, which accounts for a major proportion of the country’s expenditure in foreign currency.